KTS Capital Management

Transcription

1 KTS Capital Management The Partner for Families & Entrepreneurs 1

2 Table of Contents Company Profile Page 3 Our Vision Page 6 Our Philosophy and Mission in Asset Management Page 7 Why KTS Capital Management? Page 9 Value Added Page 13 Investment Philosophy and Process Page 15 Asset Allocation and Risk Management Page 18 KTS Financial Services Page 19 2

3 Company Profile Established in 2009, KTS Capital Management is designed to provide families having complex ownership and asset structures with comprehensive advice which goes far beyond traditional asset management. KTS manages assets through its wealth management and asset management expertise as well as through its private equity and fiduciary activities. KTS Capital Management is fully independent and owned by its founding families and senior management. Head office in Zurich (Switzerland). 3

4 Team Filippo Pedotti (1972) 14 years investment experience. Filippo speaks 5 languages and has a BA Degree in Political Science (International Relations) from Richmond University London, and a MA Degree in International Business from Webster University in Irvine California. He has also obtained the Private Banking Diploma within the UBS Education System. Filippo started his career as Junior at UBS Wealth Management, where he absolved a training program for young graduates (JKP) in the late nineties. After that, he became Wealth Manager for North American Clients. Two years later, he took over a position in the UBS subsidiary GAM (Global Asset Management) as Private Client Manager for GAM Portfolio Manager Clients. Later, he re-joined UBS Wealth Management to take over a position as Senior Wealth Manager. During this time, he held positions as Senior Client Advisor, Management positions and again as Senior for UBS Key Client Division (UHNWI). He created KTS Capital Management in 2009 in a partnership with two other investors and has taken over the role of Managing Director for the newly created Family Office. Gabriele Manferdini (1974) 15 years investment experience. Gabriele speaks 4 languages and has a high school diploma, the Certified International Investment Analyst (CIIA) and the Certified International Wealth manager (CIWM). Gabriele completed the high economic school in Zurich and after some experiences abroad, he began his career as Portfolio Manager, Asset Manager and Trader of the bank s positions by Hyposwiss Privatbank in Zurich. Gabriele has proven trackrecords as Asset Manager (Fund Kommerz 22, Symbol Bloomberg KOMME22 AV) and as Trader (Prop Trading of St. Galler Kantonalbank). Gabriele invested globally, not only on a geographically basis, but also in different kind of investment vehicles and with an absolute performance approach. During his career he assimilated multiple skills, like quantitative and fundamental analytic skills, but also good technical and global macro economic knowledge. Gabriele deepened his knowledge in structured products as well, risk management and personalized macro and DCF models. 4

5 Our Vision KTS Capital Management is an independent multi-client Family Office. Established in 2009, the Office is specifically designed to provide families having complex ownership and asset structures with comprehensive advice which goes far beyond traditional asset management. We greatly value the trusting relationships of a selected portfolio of families having roots in Switzerland, the UK and Europe. For these clients we provide a broad range of family office services and invest on their behalf in the world's most important financial markets. KTS Capital Management provides assistance in developing a successful family governance system. We develop integrated, customized solutions for all your financial affairs. 5

6 Our Philosophy in Asset Management Our first priority is the capital preservation of the family s wealth. For this reason, it is very important for us to understand the family s values, culture, intellectual and human capital as well as financial capital. Entrepreneurial families need a diversification of their main business to ensure capital preservation and growth. We believe that wealthy families should pursue an investment strategy which aims to cover their fixed annual costs. Consequently, our investment approach is opportunistically monitored by a sound risk management system and an optimized diversification. For families with complex requirements, solutions for all financial affairs are needed in order to develop a successful family governance system, which enables to govern their complex financial, legal business and personal affairs in a coordinated manner. 6

7 Our Mission in asset management Our mission is to preserve, optimize and enhance the partner families wealth using the skills of our experienced team, making in-house decisions and acting independently from financial and banking institutions. Capital preservation: will derive from the right discipline, which can only be ensured via the right wealth structure. Capital optimization: targeted via the right structure, analysed with external specialists. Capital enhancement: in-house and independent decisions are the key of our success. 7

8 Why KTS Capital Management? Business Overview FAMILY KTS Capital DIRECT HOLDINGS / PRIVATE EQUITY ASSET MANAGEMENT WEALTH MANAGEMENT REAL ESTATES OTHER ASSETS KTS Strategy Fund KTS Hill cautus Different vehicles Family Office / HNWI Tax planning Heritage / Foundation Law Firms Financial Institutions / Banks Risk Management Insurances (Life and others) Property management Property analysis Swiss market analysis Best contractor Art / Art Funds Philanthropy / Charity Sponsorship Vault (precious metals) Central coordination & oversight: KTS as the central point of coordination for the family in terms of financial investments and other private assets / structures. Strong investment processes: Thorough in-house asset allocation decisions, followed by monitoring and risk management processes. Succession plan: KTS is not only managing the family s asset pool, but is also coordinating the succession plan, via foundation structures or advising on education and involvement plans for the next generation. Full flexibility: To guarantee the best services and solutions at an optimized cost according to the family s needs. 8

9 Why KTS Capital Management? Our strengths Experienced investment team with a solid track-record, acting independently from financial and banking institutions, offering tailor-made and tax-optimized solutions with no conflicts of interest towards benchmarks or financial institutions internal strategy. KTS Capital s priority is offering comprehensive and fully transparent advisory services. The key of our success: decisions are made in-house. Open-end architecture and broad investment spectrum: acting independently, we can analyse any kind of special investments, such as private equity, real estates, art, etc. Our clients benefit from integrated solutions which are developed by taking advantage of strong banking relationships and financial partners that provide a strong network of specialists for all financial needs. Our substantial and solid assets and financial base allow to provide and guarantee the best services and solutions for our families. KTS Capital has no pressure of monthly targeted budget. 9

10 Why KTS Capital Management? Our strenghts KTS Capital has the perfect size for having relationships with multiple institutions. At KTS, we rationalize the wealth management process by reaching cost effectiveness combined with the maximization of the level of service targeting the harmonization of the family s needs. Our location is attractive. Our clients can rely on Switzerland s stability, security and reliability. Individual all-round support (administrative services). Our families can considerably save time on administration duties. Confidence, maximum privacy and full transparency (KTS Capital Management is Member of Polyreg and Polyassets), which align to build long-term trustworthy relationships and guarantee the best interests and services to our families. 10

11 We look towards a bright future We offer tailor-made and tax-optimized solutions to our clients by working with multiple institutions..by minimizing costs and by leveraging our experienced team This consistently adds value to our clients portfolios and guarantees a sustainable outperformance All of the above is achieved by building a conflict of interest free, long term relationship based on mutual trust. 11

12 Added Value: global long term confidential Partner Relationships KTS Capital INVESTMENT STRUCTURES FINANCIAL SERVICES LEGAL / TAXES / DIVERSE RISK MANAGEMENT External Funds Manager and Alternative Investment (strong due diligence, solid Track records, diversification of strategies) Sport Management Advisors Alternative Energy Brokerages (best execution prices, research support, etc.) External structured product specialists Custodian Banks Insurances (harmonized life insurance structures) Tax accountant / advisor (international cross-border tax planning) Attorney offices Fiduciary (Trust, Foundations and Philanthropy planning) Sponsoring structures Real estate advisers (strong relationship In Swiss commercial or residential real estate Market) Shipping (for soft commodities or with charters) Soft Commodities (trading in Cocoa, Coffee and Sugar) Diamonds Market African Mining Licences or Government Relationships) Oil & Gas suppliers External Biotech experts External Risk Managers support Performance attribution 12

13 Value added: KTS Strategy Fund and Hill cautus Proven track-record in all market conditions. Launched by KTS in order to offer our clients full investment flexibility and cost effectiveness. Mid-size portfolios can profit particularly from KTS Funds, as some strategies would be too costly if applied on a single portfolio. We can therefore give all our client base equal opportunities to exploit KTS basic philosophy in approaching investments. 13

14 Our Investment Philosophy and Process Opportunistic approach: We attempt to be fearful when others are greedy and greedy when others are fearful. Looking for thrice blessed ideas: The investment should be fundamentally solid, have positive quantitative and qualitative qualities and have a good entry point on a technical view. Our TECHNICAL ANALYSIS complements our fundamental approach, guaranteeing the right DISCIPLINE: Control emotions (a wise man should have money in his head, but not in his heart). Minimize losses (cut your losses = capital preservation). Maximize profits (let your profit run). 14

15 Opportunistic approach Inefficiency in the market, Overreactions, Investments opportunities, Technical Analysis Fundamental analysis Quantitative and Qualitative assessment criteria, Long term trends, Radar screen of sector leader Observation of volatility in the markets and recognition of possible overreactions. Technical analysis of markets and single stocks. Recognition of long-term trends. Estimation of stock valuation with qualitative and quantitative assessment criteria. Selection of sector leader with above-average growth rate, good earning visibility and favourable valuation. 15

16 KTS Investment Process Monitoring Targets / Stop losses New estimations Better opportunities Ideas Generation Studies of sectors Recognise long term trend Macro changes Structure of the Portfolio Risk- Management Targets/Stop Loss limits Position s weighting Investments rules INVESTMENT VEHICLE Radar Screen Overreactions in the markets Technical Analysis Data Valuation Data from industries Data from sectors (trends, growth, etc) Economic data Data from the stock exchange (liquidity, valuation, etc) 16

17 Asset Allocation / Portfolio and Risk Management Risk Management: Asset Allocation / PM: - On-going investment monitoring & review - Scenario and macro outlook matching - Geopolitical risk analysis - Technical analysis - Technical and fundamentals models - Quantitative risk assessment (VaR = Value at Risk and Stress Tests via Bloomberg System) - Performance attributions TOP DOWN macro-economic outlook scenario Cash & ASSET ALLOCATION Fixed Income Private Equity & Real Estate Hedge Funds Equities BOTTOM UP on-going selection - Stocks exposure via single stocks or KTS global opportunities Funds - Opportunities in structures products, Hedge Funds - Opportunities in High yield Bonds, Convertible - Opportunities in Private Equity or real estates - Possibilities of discretionary mandate by a top private banking with top outperformance 17

18 KTS Financial Services KTS Financial Services is a subsidiary company for KTS Capital Management AG. KTS Financial Services skills are the establishment and administration of secure and efficient corporate and trust structures to reduce tax, protect wealth and facilitate international business. Specifically, KTS Financial Services delivers private and costeffective offshore and onshore company management and trustee services. 18

19 KTS Financial Services Company formation and domiciliation services KTS FS offers you a customized incorporation service on a global scale. Whether you wish to establish a corporate presence in Europe, Asia, elsewhere or simply offshore, our service is rapid, cost-effective and solutions driven. Our incorporation and related services include: Offshore company formation in all major jurisdictions Company formation in all European countries Company formation in Asia, Australasia Branch registration of foreign corporations Company management and administration Establishment of trusts and foundations Provision of registered office facilities Provision of registered agents Provision of local representatives and agents 19

20 KTS Financial Services Advisory services We liaise with a cutting-edge international team of lawyers, accountants and commercial experts who are fully up-to-date with international business and the world s tax treaties and are therefore able to offer you tailor-made advisory services. Commercial and escrow services KTS Financial Services, through partnership with prime commercial partners, can offer you a range of commercial services to support and enhance your business activities. KTS FS is able to offer clients a comprehensive Business to Business Escrow Service to avoid risk for both buyer and seller and to ensure that conditions precedent are met prior to exchange. This service is particularly important for parties who want to conduct commercial business but are uncertain of each other and their respective business practices and culture. 20

21 KTS Financial Services Virtual office services Our customized virtual office service allows our clients to set up everything they need to run an office without having to pay rent, salaries and overhead costs of a normal office. Trust, trustee and foundation services A fiduciary structure can help preserve your wealth and offers you greater flexibility over the management and distribution of your assets. The most common type of fiduciary structure is a trust, a binding arrangement whereby assets are transferred to a trustee who is required to administer the trust assets for the benefit of specified beneficiaries strictly in accordance with the terms of the trust. Foundations are a very important component when structuring the ownership of family and corporate assets, and are particularly important where trusts are generally not requested. They are similar to corporate entities but afford the protection and continuity derived from the use of trusts. 21

22 Disclaimer This publication is for your information only and is not intended as an offer, or a solicitation of an offer, to buy or sell any investment or other specific product. This document is confidential and intended solely for the use of clients or investors of KTS Capital Management. Although all information and opinions expressed in this document were obtained from sources believed to be reliable and in good faith, no representation or warranty, express or implied, is made as to its accuracy or completeness. All information and opinions as well as any prices indicated are subject to change without notice. Certain services and products are subject to legal restrictions and cannot be offered worldwide on an unrestricted basis. 22

23 Contact KTS Capital Management AG Utoquai 39 PO Box 1510 CH Zurich T. +41 (0) F. +41 (0) E. [email protected] W. 23